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Big Lithium find: Risks and Rewards - Coggle Diagram
Big Lithium find: Risks and Rewards
India’s lithium treasure
This may be the seventh largest deposit of the rare element, accounting for roughly 5.7% of all the reserves in the world
They are also said to be of a higher grade—550 parts per million (ppm) against the average 220 ppm
Authorities have found 5.9 million tonnes of lithium reserves in Reasi district of J&K
Game-changing
prospects for India
Battery economy
EV push
Soaring prices
Import cut
White gold
Pitfalls of lithium mining
Seismicity threats
Displacement issues
Water intensity
Undue activism over Kashmir
Pollution in the valley
Geostrategic
considerations
Neighborhood hostility
Resentment of local population
Sensitive location
China factor
Dependence on China for Li and other crucial metals and their derivatives is a source of energy security risks.
Major economies such as the E.U., the U.S., Canada, and India are seeking alternative supplies to challenge China’s geopolitical dominance.
China currently dominates the global lithium-ion battery manufacturing industry
Conclusion
J&K’s reserves, however, provide a major opening for India to be self-reliant
In effect, the proliferation of EVs could mean India becoming dependent on China, just like it is reliant on the Middle East for crude oil today